The effect of a credit entry on the payables account is to: (a) Decrease the account balance.

Question:

The effect of a credit entry on the payables account is to:

(a) Decrease the account balance.

(b) Increase the account balance.

(c) Decrease or increase the account balance.

(d) Decrease and increase the account balance.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting An International Introduction

ISBN: 9780273685203

2nd Edition

Authors: David Alexander

See More Books

Question Posted: Jun 11, 2024 01:02 AM

See More Questions

Dunkin Donuts is one of the largest coffee companies in the United States and uses Porter s Five Forces to assess the competitive environment. Dunkin has a longstanding competition with Starbucks and
Which of the following is not a gap in public health informatics? Low uptake Multiple systems that do not communicate, leading to gaps and redundancies Small amount of data available Inconsistent and
What impact does economic nationalism have on the global economy? Reduced Costs Reduced Availability Reduced Collaboration between Nations Group of answer choices II only I and II I only I, II, and
Use (4.1), for a perfectly conducting fluid, and the nonlinear equation of continuity (1.1), to show that the change of B with time in a fluid element is related to changes of density according to...
What is meant by the informational and technological environment? How do the variables comprising the informational and technological environment influence international marketing research?
Make a WHILE program that computes the inparam Fibonacci number and stores it in outparam, e.g, (inparam=1, outparam=1), (inparam=2, outparam=1), (inparam=6, outparam=8) Draw the program's parse tree...
Products must be adapted to accommodate national differences arising from customer preferences and each markets economic conditions, climate, culture, and language. Think about the following...
Given Tanners assessment of the current use of individual developmental plans, what suggestions for change would you give to F.D. Hamilton Inc. to ensure that individual developmental plans are...
prepaing journal entries . During the month of January (for simplicity, date all transactions as of 1/31) Viezuchter Co. opened for business on January 2 and at the end of January, Viezuchter Co....
After elimination of any transactions with the owners, the profit of an enterprise can be seen as: (a) The increase in the net assets of the enterprise over a period. (b) Its total sales for a...
The purchase of an asset on credit: (a) Increases assets and increases owner's equity. (b) Increases assets and increases liabilities. (c) Decreases assets and increases liabilities. (d) Leaves total...
Determine the structure of each of the following compounds based on its mass, IR, and 1H NMR spectra. a. b. 100 u 50 27 114 20 40 60 80 100 120 m/z 3 2 2 28 2.9 10 13 14 15 6 6 5 2 (ppm) frequency...
Based on the reading,How to make sure your next product or service launch drives growth (click the underlined link),what stands out to you as the most important factor in a differentiated launch...
OM in the News has previously looked at the Waffle House Index, used to measure the damage from hurricanes. The index made the news again for Hurricane Ian. According to the Boston Globe, 40 Waffle...
Mixture of persuasive and negative formal I am Elizabeth grinderFirst part email Next part setting up the meeting Final part memo The reader is Robert * do not come off accusatory*** Project TWO:...
Anyone who has sampled today's social media offerings has probably experienced this situation: You find a few fascinating blogs, a few interesting people to follow on Twitter, a couple of podcast...
a. Begin with a converging lens of focal length f. Place an illuminated object a distance p, in front of the lens. For all positive values of p;: 1. calculate and sketch a graph of the location of...
Manufacturers locate near their resources, retailers locate near their customers: Discuss this statement, with reference to the proximity-to-markets arguments covered in the text. Can you think of a...
Diamond Walker sells homemade knit scarves for $25 each at local craft shows. Her contribution margin ratio is 60%. Currently, the craft show entrance fees cost Diamond $1,500 per year. The craft...
Create a Data Table to depict the future value when you vary the interest rate and the investment amount. Use the following assumptions: Interest Rates: Investment Amounts:-10.0% $10,000.00 -8.0%...
Isaac earns a base salary of $1250 per month and a graduated commission of 0.4% on the first $100,000 of sales, and 0.5% on sales over $100,000. Last month, Isaac's gross salary was $2025. What were...
Calculate the price, including both GST and PST, that an individual will pay for a car sold for $26,995.00 in Manitoba. (Assume GST = 5% and PST = 8%) a$29,154.60 b$30,234.40 c$30,504.35 d$28,334.75...

The effect of a credit entry on the payables account is to: (a) Decrease the account balance.

Question:

Step by Step Answer:

Financial Accounting An International Introduction

Students also viewed these Business questions